National news

RBI divests entire share in NABARD and NHB

Based on the recommendation of second Narasimham Committee, the Reserve Bank has divested its entire stake in National Housing Bank (NHB) and the National Bank for Agriculture and Rural Development (NABARD).

In a press release issued from Mumbai on Wednesday, RBI has said that it sold the entire stake worth twenty crore rupees in NABARD and 1,450 crore rupees in NHB in the last quarter of 2018-19, adding that the government is now cent percent holder of both these institutions.

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